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taxes are behind on my grandmothers house but she doesnt have the money to catch them up at once so how many years must be paid to keep them from selling it?

2006-06-29 11:52:39 · 4 answers · asked by jerri and tony 1 in Business & Finance Taxes United States

4 answers

Years? In my state, property taxes are due twice a year at which time you may either pay it in full or half each time. Once you miss one payment a lien is put on the property, the second time an additional lien is then put on the property. Late fees and penalties accumulate with both liens. At the second time property taxes are delinquent, the county assessor can then file to auction off the property at the next regularly scheduled auction. The word "regularly" is important here because in our county they are not scheduled with regularity, they are scheduled when the county feels it has enough properties available for auction to make it profitable for all parties. If the owner or payee responsible for the property taxes can pay the liens, late fees and penalties BEFORE the property is listed for auction, you can retain ownership.

It would be worth checking out www.Foreclosures.com and paying the monthly fee or getting the free trial to determine the details of where your granny's property is, status wise, with the county in which you live. Just put in the zip code and initially you will see the general status. You can obtain further information with the detail link. Good luck!


PS Try to contact the county assessor's office in the county in which the property is located. Explain the details of the delinquency and perhaps they will have an arrangement you can make.

2006-06-29 11:59:28 · answer #1 · answered by eskie lover 7 · 0 0

Contact your Trustee's office and make arrangements to pay. They can tell you what it will take to catch up. Perhaps your grandmother could refinance her home and the taxes could be paid at closing and brought current. If she owns her house free and clear I would like to suggest a "Reverse Mortgage". She can borrow against the equity in her home and not have to pay anything until she either moves away or dies. This is a program for seniors developed by the government, You have to be 62 years of age and above to qualify. You do not have to work and can be on fixed income. It will take thorough investigation as this program does not benefit everyone. Worth a try...my Mother-in-law just recently did it and paid off all of her bills and back taxes, plus she has a "cushion" for her pension.

2006-06-29 16:25:18 · answer #2 · answered by gmommy 3 · 0 0

I artwork for a identify corporation. If we closed a sale and neglected the taxes we'd pay them. you ought to circulate back and seem at your final papers, in case you nonetheless have them, and notice in the event that they indexed those taxes. You employed the closer to do exactly that, close. they ought to have caught this at that element. you will be able to ought to get a legal expert, which will fee you extra money, even nonetheless it would desire to shop you some money. All it would take is a letter from an legal expert for them to do the splendid factor. good success

2016-12-08 14:04:47 · answer #3 · answered by Anonymous · 0 0

Technically they can take the property if you owe a dollar. You need to setup a payment plan with them pronto. Most of them will work with you, but you have to make the effort.

2006-06-29 11:59:44 · answer #4 · answered by davidmi711 7 · 0 0

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